iCash (iCash)

What is iCash

iCash is a technology that will enable smart contract validation via what is called a proof of trust protocol, which is a multi-platform app.

iCash wants to create a platform that will use smart contracts from a trustworthy source. If the action that will trigger the smart contract is unreliable, the whole process will also be. The solution to this, the company states, is the creation of a Proof of Trust protocol.

The Proof of Trust protocol that was created by this company is an application layer protocol that can be used on the blockchain. Its main function is to be used to monitor and report various different inputs.

By using the Proof of Trust protocol, smart contracts can receive certain determinations that can be contested by other inputs before they are actually accepted and mined into the blockchain. iCash users can add an extra layer of security to smart contracts because they use this second input to validate the first one.

iCash method will work with the help of validators from the network that will receive small rewards for validating (or not) the inputs that are made. The inputs will be validated by a group of individual delegates. This way, the community will help to find incorrect inputs and create an environment of more safety for everyone involved.

iCash system can even keep a record of the trustworthiness of a certain participant, so it will be easier to ignore people who create malicious smart contracts to scam other people.